An Indian based industrialist is Ireland's richest person.

Pallonji Mistry and his family, who own Tata, one of the world's biggest industrial giants, have a fortune of almost €15bn, according to the Sunday Independent Rich List for 2015.

Pallonji became an Irish citizen in 2003.

Second on the list is the Dublin born retail giant Hilary Weston who owns Holt Renfrew, the world's second largest luxury retailer, which includes Brown Thomas and Selfridges.

Media magnate Denis O'Brien came in third.

The top 20 is as follows:

Pallonji Mistry and family - €14.5bn

Hilary Weston - €8.8bn

Denis O'Brien - €5.97bn

John Grayken - €4bn

Pearse Lyons - €2.2bn

John Dorrance - €1.9bn

Martin Naughton - 1.6bn

Dermot Desmond - €1.5bn

JP McManus - €1.05bn

Patrick and John Collison - €1.03bn

Ellis Short - €1bn

John Magnier - €970m

Paul Coulson - €885

David McMurtry - €860m

The Cleary family - €850m

Comer brothers - €825m

Ray and Des O'Rourke - €800m

Michael O'Leary - €755m

U2 - €720m

Freddie Linnett, Hugh Murphy and family - €705m